By Debdeep Gupta | 17 May, 2024
Vedanta stock gains as board approves Rs 8,500-crore fundraise; declares dividend
Shares of Vedanta gained on May 17, a day after the board of the mining conglomerate approved raising up to Rs 8,500 crore. The type of issuance is yet to be finalised, it said in a regulatory filing.This is the second time the company is raising funds in the current fiscal year. Last month, it said it would raise up to Rs 2,500 crore through debt securities.Vedanta's Board also approved dividend ...